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Reversionary business park opportunity

Tewkesbury, United Kingdom

65%

£6.000.000

Mixed use

#27189

Core+

29 Oct 2024

Property Details

Broker

Under offer

Leasable area

11.52 %

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Reversionary 5.7 acre business park opportunity well positioned in Tewkesbury’s Newtown business district. Highlights include: - 20 individual units, 9 of which within the park are sold off freehold. - Exceptionally well let with only 1 unit currently vacant. - Reversionary potential with the current passing rent offering a 12% discount to the headline rent on the park (£17.24 psf). - Rent reviews on 36% of the income over the next 3 years. - Excellent parking ratio with 350 spaces across the park.